Alerus Financial Corporation (ALRS) Tops Q3 EPS by 24c

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Alerus Financial Corporation Reports Third Quarter 2021 Net Income of $13.1 Million

October 27, 2021 4:00 PM EDT

GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $13.1 million for the third quarter of 2021, or $0.74 per diluted common share, compared to net income of $11.7 million, or $0.66 per diluted common share, for the second quarter of 2021, and net income of $17.7 million, or $0.99 per diluted common share, for the third quarter of 2020.

CEO Comments

Chairman, President, and Chief Executive Officer Randy Newman said, Our diversified business model continues to drive strong financial performance, as we ended the third quarter with a return on tangible common... More